Global Well Testing Services Market Estimated to reach more than US$ 10 Billion by 2026
Transparency Market Research © Prasad Pande
Well testing services, or well work, is an operation carried out on an oil or gas well before/during its drilling span. It alters the state of the well or well geometry, provides well diagnostics, or manages the production of the well. Well testing services provide the ability to safely enter a well in order to carry out numerous tasks other than drilling. The history of well testing services dates back to the 1800s, when the technology was first developed to afford re-entry into wells with alternatives to drilling well control systems and rigs for delivery of non-drilling services.
New oilfield discoveries to boost investment in well testing services
Oil & gas field/well operators are looking for efficient, cost-effective, and safe methods that provide old wells a new lease of life with continued production and maximized recovery. This is anticipated to offer substantial growth opportunities to the well testing services market in the near future. Year-on-year increase in new oilfield discoveries has augmented the demand for well testing services.
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Well testing services to gain momentum from offshore E&P investments
Investment in well testing services is shifting from onshore to offshore E&P activities. Offshore well testing services are more lucrative than onshore well testing services for various service providers. Downhole is used to measure accurate pressure even under hostile conditions. Different types of downhole testing tools include slip joints, circulating and reversing valves, downhole tester valves, downhole safety valves, downhole sampling, downhole pressure gauges, retrievable packer, pressure test and fill-up valves, jars and safety joints, and testing packers. Downhole sampling is also used to recover formation fluid samples at reservoir conditions with a suite of pressure compensating equipment that allows controlled, uncontaminated sampling without flashing. Conventional drill stem testing (DST) is a proven and cost-effective means of evaluating a well. These tools are used as cased hole test tools and open hole test tools. Tools used in cased hole testing include circulating valves, tester valves, packers, and a range of accessory tools. Open hole testing tools comprise packers, valves, safety joints, and testers. Data acquisition services/real time monitoring is used to ensure reliability, accuracy, and easy access to information as it is being measured for well testing. Data acquisition is one of the most important objectives of well testing. Equipment used to perform a well test has improved technologically over the years; however, the need to acquire data remains the same.
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Highly competitive market with dominance of top players
The global well testing services market is highly fragmented; large numbers of local and international players operate in the market. Players with technical expertise and rich experience dominate the market. Key players operating in the well testing services market are Schlumberger Limited, HELIX ESG, Halliburton, Expro Group, Weatherford International Plc., SGS S.A., Tetra Technologies, Inc., TestAlta, CETCO Energy Services, Oil States International, Inc., PTS Production Technology & Services Inc., Abraj Energy Services SAOC, Emerson Automation Solutions, Integra Group, and TechnipFMC plc.
New oilfield discoveries to boost investment in well testing services
Oil & gas field/well operators are looking for efficient, cost-effective, and safe methods that provide old wells a new lease of life with continued production and maximized recovery. This is anticipated to offer substantial growth opportunities to the well testing services market in the near future. Year-on-year increase in new oilfield discoveries has augmented the demand for well testing services.
Request PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48234
Well testing services to gain momentum from offshore E&P investments
Investment in well testing services is shifting from onshore to offshore E&P activities. Offshore well testing services are more lucrative than onshore well testing services for various service providers. Downhole is used to measure accurate pressure even under hostile conditions. Different types of downhole testing tools include slip joints, circulating and reversing valves, downhole tester valves, downhole safety valves, downhole sampling, downhole pressure gauges, retrievable packer, pressure test and fill-up valves, jars and safety joints, and testing packers. Downhole sampling is also used to recover formation fluid samples at reservoir conditions with a suite of pressure compensating equipment that allows controlled, uncontaminated sampling without flashing. Conventional drill stem testing (DST) is a proven and cost-effective means of evaluating a well. These tools are used as cased hole test tools and open hole test tools. Tools used in cased hole testing include circulating valves, tester valves, packers, and a range of accessory tools. Open hole testing tools comprise packers, valves, safety joints, and testers. Data acquisition services/real time monitoring is used to ensure reliability, accuracy, and easy access to information as it is being measured for well testing. Data acquisition is one of the most important objectives of well testing. Equipment used to perform a well test has improved technologically over the years; however, the need to acquire data remains the same.
Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=48234
Highly competitive market with dominance of top players
The global well testing services market is highly fragmented; large numbers of local and international players operate in the market. Players with technical expertise and rich experience dominate the market. Key players operating in the well testing services market are Schlumberger Limited, HELIX ESG, Halliburton, Expro Group, Weatherford International Plc., SGS S.A., Tetra Technologies, Inc., TestAlta, CETCO Energy Services, Oil States International, Inc., PTS Production Technology & Services Inc., Abraj Energy Services SAOC, Emerson Automation Solutions, Integra Group, and TechnipFMC plc.